The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Real Estate

More people are fleeing San Francisco and NYC for the suburbs

Most are moving out of Silicon Valley and NYC

The mix of working from home and renters seeking more space – albeit cheaper space – is pushing more people out of more expensive U.S. cities and moving into the suburbs.

Particularly, Millennials are fleeing New York City for more space in its surrounding suburbs.

Since the beginning of the COVID-19 pandemic, online mortgage lender Better.com said it has seen an increasing trend in 35 to 36-year-old renters applying for mortgages in the suburbs of New York, including Westchester; Connecticut and Fairfield County; and New Jersey and Essex County.

Better.com, said it’s been seeing record purchase demand in Florida, California, Arizona and Texas and saw a continued trend of first-time homebuyers applying for mortgages in suburban areas.

In an interview with HousingWire, Corey Jones, an agent with Better Real Estate, said that as an agent in New Jersey, he has seen many Millennials fleeing the big city for more space.

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